**Shiba Inu Trades in a Tight Range Following Protracted Bear Market**
Shiba Inu (SHIB) is currently trading within a narrow range after enduring a prolonged bear market that lasted nearly a year. This tight trading pattern signals a market that is undecided and patiently awaiting fresh impetus in the meme-coin sector.
Market data reveals a steady trading volume of approximately $191 million per day, indicating a balance between profit takers and short-term buyers. This pullback period underscores the market’s ongoing wait for revitalized energy or broader market conditions that could propel SHIB beyond its current limited price range.
At present, SHIB is priced around $0.0000000983, experiencing a daily decline of about 2.5%, with a market capitalization near $5.79 billion. Intraday charts show minor price dips coupled with small recoveries near the $0.0000098 level. These subdued fluctuations reflect mixed trader sentiment, where the absence of strong market triggers has kept SHIB stagnant within its consolidation phase.
### Market Patterns Reflect Lingering Bear Market Impact
The recent price action of Shiba Inu exhibits a prolonged correction pattern, characterized by reduced volatility and narrowing trading ranges. While the coin saw rapid appreciation phases over the past two years, these rallies were consistently followed by extended correction periods marked by declining volume and price.
This boom-and-bust cycle is emblematic of the broader meme-coin market, where speculative enthusiasm gradually fades. Within a month, SHIB experienced a significant surge fueled by hype and retail demand. However, this momentum soon waned, leading to a six-month bear market. A subsequent three-month relief rally sparked some recovery hopes but ultimately failed to breach key resistance levels.
Currently, SHIB remains in a bear regime defined by flattened prices and compressed trading ranges — clear indicators of market apathy and cautious investor sentiment.
Additionally, the extremely high circulating supply of over 589 trillion tokens complicates valuation dynamics. Continuous token burns remain essential to control supply, yet significant price growth will likely require renewed demand driven by increased interest in meme coins or heightened appetite for crypto risk assets. Until then, SHIB appears to be in a state of equilibrium and low momentum.
### Waiting for the Next Catalyst in the Crypto Sphere
SHIB’s consolidation phase is widely seen as a natural pause following months of selling pressure and weak rebounds. Analysts suggest that without meaningful news or network upgrades, older meme coins like SHIB may continue to trade sideways as capital shifts toward newer projects with clearer value propositions.
Market participants are closely watching for signals or fresh catalysts from the meme-coin ecosystem that could change SHIB’s current trajectory. Potential triggers include a resurgence in retail investor interest, improvements in network infrastructure, or renewed enthusiasm for crypto risk assets in general.
Without such developments, Shiba Inu’s price is expected to remain within its present range, trading quietly as investors maintain a cautious stance.
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